hey welcome back everybody to altcoin daily there's so much going on in cryptocurrency
and today i'm going to clue you in to everything make sure you watch the entire video
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you informed let's get into it news opinion perspective this is what you need to know
a hacker has drained a record 622 million from axi infinity's ronin aetherium side chain so
a side chain on aetherium called ronin axi infinity specifically set up the ronin bridge
was drained of 173 600 ethereum 25.5 million usdc via the use of hacked private keys this
is basically another bridge exploit we saw something similar happened to a solana bridge
called wormhole couple months ago now it's happened with an ethereum bridge ronin over 600
million dollars axi infinity uses this ethereum usdc combined 612 million dollars now right now
axi infinity and the people involved are working with law enforcement to help recover funds all axi
tokens all slp tokens are safe the ronin bridge and katana decks has been halted again they are
working with law enforcement officials forensic cryptographers and our investors to make sure
that all funds are recovered or reimbursed all of the axi the ronan the slp on ronin are safe
right now and again the ronin team has paused this bridge after they noticed the exploit and
they are taking steps we are in the early days of this cryptocurrency revolution my friends
and while that means plenty of opportunity that also means plenty of risk and especially when
they're building out the infrastructure when they're building out the bridges to connect
these networks there's going to be exploits there's going to be hacks but keep in mind
there's only one direction this is heading and that's more digital more cryptocentric more open
and people are coming around 53 of americans think cryptocurrency is the future of finance this is a
new report 53 percent of americans think crypto is the future of finance what do you think well
research was conducted by ethereum layer 2 creator starkware and they shed light on crypto adoption
in the usa the key takeaways from this study are as follows starkware has released a survey report
investigating attitudes towards cryptocurrencies in the u.s of a 53 percent of respondents agreed
that cryptocurrency was the future of finance with the most positive responses coming from the
25 to 34 year old age group the data also showed high recognition of crypto specific terminology
with over 40 percent of participants recognizing terms like binance and blockchain this may seem
like not such a big deal but if you had been in crypto four years ago and even before that
this is a huge deal a step in the right direction there is no going back we're only getting bigger
better integrating harder and it's stuff like this that makes me bullish on the multi-chain
future of this space open c the most popular secondary market for nft sales confirms it will
start listing solana nfts in april so ethereum and ethereum side chain polygon and now ethereum
alternative layer one solana this is a huge huge deal collections like solana monkey business
degenerate apes and arrory appear headed to open c after the firm confirms recent leaks now
openc revealed this news with a short teaser video posted to its official twitter account poking fun
at a barrage of tweets pointed its way about plans to add solana the video which opens he tweeted is
about quote the best kept secrets in web 3. this is that little teaser everybody tweeting
at them when solano and solana as you recall if you subscribe to our channel there were leaked
images a few months ago of open c integrating with solana and now it's coming april 2022 very soon
the more i research what solana is doing and who they're partnering with and what
they're integrating the more i like them case in point solana nft platform snow crash so this is
an nft platform that is salona-centric they're tapping civic to combat bots let's unpack this
salon nft marketplace snow crash is integrating identity verification protocol civic pass
in a move to curb bot manipulation snow crash will use civic pass to solely focus on preventing bot
spamming if you're in the nft space you understand why this is valuable through a practice similar to
ticket scalping botting has plagued nft mints this is according to snow crash founder jesse dillon
civic elegantly resolves this issue for us by identifying human participants and prohibiting
bot participation giving our nft partners and ip holders like sony music entertainment
and universal music group piece of mind ultimately i'm very happy to see this
coming to solana native nft marketplace snow crash i think this is a major positive major positive
for bitcoin this guy just can't be stopped micro strategy takes out a 205 million
bitcoin backed loan what's he going to do with it he's going to buy more bitcoin so a subsidiary of
michael saylor's micro strategy called macro strategy is leveraging its bitcoin to buy more
bitcoin with a 205 million loan from silver gate bank and what did michael saylor tweet recently
it's only a matter of time they all see the cyber light this guy is taking the risk he's betting big
on bitcoin as a bitcoin holder as a bitcoin and crypto believer it's great to see other people
thinking it's great to be at the forefront tara luna sets a new all-time high following
its 135 million bitcoin buy tara's token luna hit an all-time high after the project's founder and
ceo confirmed that it had bought over 1 billion in bitcoin since january so tara luna did something a
little bit different a little bit cool a little bit precedent setting for an altcoin company
by buying bitcoin and continuing to buy bitcoin to partially back its stablecoin they took a big risk
and so far that risk is paying off with luna setting all-time highs we'll keep you updated
do quan the founder keeps stacking bitcoin so terra keeps soaring great to see
big news for polygon polygon is one of the premier ethereum scaling solutions ethereum
sidechain polygon announces new zk proof based identity solution polygon id will help users pass
know your customer verification without revealing sensitive information this is a big deal polygon
has revealed it is working on a new zero knowledge proof based identity solution called polygon id
which will let users prove their identity on chain instead of by submitting sensitive documents
such as passports or drivers licenses polygons new identity solution will be open source and
allow blockchain protocols to develop their own custom use cases quote from polygon co-founder
polygon id is private by default offers on-chain verification and permissionless attestation there
is nothing in the digital identity space now that ticks all these boxes now you may not like
kyc rules but the fact is as we integrate with the real world they're coming as cryptocurrencies
gain more mainstream adoption kyc requirements are becoming essential for companies to comply
with local regulations recently board apiac club creator yugolabs faced criticism from the nft
community for requiring kyc verification for its new metaverse collaboration with animoka brands
by providing a more private and secure method of kyc through zk proof based solutions like polygon
id companies can prevent illegal activities such as money laundering and tax evasion while also
respecting their users privacy awesome move by polygon as you know polygon a few months ago
partnered with adobe perhaps polygon id and adobe perhaps this will be a natural fit either way
zk proof based identity solutions zk proof technology there's plenty of other cryptos that
have that or are implementing that i'm bullish on that happy to see polygon doing this in other news
interesting development for og d5 protocol compound compound price surges on plans to cut
rewards compound wants to eliminate comp farming and launch a new rewards distribution program
comp farming was what brought so many people into the comp ecosystem to begin with let's find out
some details the d5 startup appears to have realized that its reward distribution program
has a problematic effect on comp's price compound maintains that most comp rewards
are instantly sold off creating a great disservice for existing users and token holders instead these
tokens should be used to grow the protocol for this reason compound created a reward adjustment
proposal that aims to start a new rewards program with the sole purpose of kick-starting new markets
the goal is to cut existing rewards by 50 and eventually end comp farming
so they believe this will be better for the price better for comp holders and i can see what they're
talking about i tend to agree with them so far the community has reacted to this positively we
will keep you informed on how exactly this plays out last but not least ethereum nft game so rare
signs major league soccer amid u.s expansion the nft based fantasy soccer game aims to enter
additional sports and u.s leagues this is big news to me so rare is a quality card nft
game four sports teams and major league soccers the biggest soccer league in america so uh
definitely big news bitcoin 47 000 ethereum 34 000 my name is aaron altcoin daily see you tomorrow